Monex, a leading online trading company based in Tokyo, has offered to take over Coincheck,
the cryptocurrency exchange hacked in January, for several billion yen.
Tokyo - based Coincheck
Cryptocurrency Exchange Hacked and stolen more than $ 500 Million Worth NEM cryptocurrency by unknown hackers and it...
Coincheck,
the cryptocurrency exchange hacked on January the 26th announced that it will refund the investors that lost their NEM.
Leaving your LTC on an exchange is incredibly risky, especially given the sheer volume of cryptocurrency stolen from
cryptocurrency exchange hacks to date.
Those who have been involved with cryptocurrency for some time are likely familiar with the Mt. Gox incident of 2014, one of the most infamous
cryptocurrency exchange hacks of all time.
Many wallets and other
cryptocurrency exchanges hacked couldn't recover the funds and give them back to the users.
Not exact matches
Recorded Future, a cybersecurity firm, published an analysis Tuesday laying out evidence that North Korean hackers — the same group, known as Lazarus, blamed for the infamous
hack of Sony Pictures Entertainment in 2014 — were systematically targeting and plundering South Korean
cryptocurrency exchanges.
Indeed, the sudden halt of Bitconnect drew parallels to Mt. Gox, a major
cryptocurrency exchange that shuttered in 2014 after losing virtually all its Bitcoins — largely through a massive
hack, but also through the alleged embezzlement and mismanagement of its CEO.
An obscure Italian
cryptocurrency exchange called BitGrail claims that it was
hacked late last week and lost roughly $ 195 million worth of customers»
cryptocurrency.
In the same month, Yapian, the owner of South Korea's Youbit
exchange, filed for bankruptcy following a
hack that saw 17 percent of its
cryptocurrency holdings stolen.
The price of Bitcoin has seen a roughly 5 % bump in the last day, and the cause appears to be a potential rescue for the
hacked cryptocurrency exchange Coincheck — from financial services company Monex.
The more than $ 500 million
cryptocurrency heist at a major Japanese
exchange last week is unlikely to be the last such
hack, according to a Wall Street analyst.
Japanese
cryptocurrency exchange Coincheck confirmed that some $ 524 million worth of digital coins had been stolen — likely making it the largest single
hack on an
exchange, even outweighing the Mt. Gox breach of 2014.
What may also be keeping crypto markets relatively more propped up today than they were following the Mt. Gox
hack is the fact that there are more players in the market today, with Coincheck being just one of many
exchanges, and NEM being only one of many
cryptocurrencies.
She is hopeful, she said, that regulators will warm up to the sector as they did in Japan, now one of the most
cryptocurrency - friendly environments, despite being home to Tokyo - based Mt. Gox, once the world's biggest Bitcoin
exchange before its disastrous
hacking in 2014.
At the start of the month, Bithumb, the fourth largest
cryptocurrency exchange in the world was
hacked.
A leading South Korean insurance firm has rejected a claim from the
cryptocurrency exchange Youbit, which was seeking a $ 2.8 million payout following a
hack in December 2017 that caused it to declare bankruptcy.
The South Korean
cryptocurrency exchange Youbit has been
hacked a second time, allegedly by North Korean actors, and has since announced that it will file for bankruptcy.
A group of 16
cryptocurrency exchanges in Japan have decided to create a self - regulating body in the country to safeguard investors following the massive Coincheck
hack last month that cost about $ 530 million, according to Reuters.
Cryptocurrency exchange Coinsecure has suffered a
hack leading to a loss of 438.318 bitcoins worth Rs 19 crore ($ 2.9 million), the Delhi - based company said.
One OTC trader said that high - profile
exchange hacks help increase business for
cryptocurrency trading firms, according to Reuters.
A $ 530 million
hack of Japanese
cryptocurrency exchange Coincheck late last week has also weighed on the market, along with a subpoena U.S. regulators sent to two of the world's biggest
cryptocurrency players, Bitfinex and Tether.
Many in Japan feared its
cryptocurrency market would grind to a halt following the
hack of the Tokyo - based
exchange, Coincheck.
And last week, in particular, with the continuation of the
hack attacks and closures of the
exchanges and the devaluation of said Bitcoin, well, let's just say that it wasn't the best of weeks for that
cryptocurrency.
WizSec also believes Vinnik was involved in laundering money from other
hacked cryptocurrency exchanges — Bitcoinica, Bitfloor, and some other currently unnamed platforms.
Hacks have plagued centralized
cryptocurrency exchanges from their inception and continue to do so.
After Japan's second largest
cryptocurrency exchange, Coincheck, was
hacked, the Japanese government began to place even more emphasis on security measures for the
cryptocurrency market.
Cryptocurrency storage and protection is still relatively in its infancy, and since the launch of cryptocurrency exchanges, there have been several notable exchange hacks — resulting in
Cryptocurrency storage and protection is still relatively in its infancy, and since the launch of
cryptocurrency exchanges, there have been several notable exchange hacks — resulting in
cryptocurrency exchanges, there have been several notable
exchange hacks — resulting in billions lost.
Cryptocurrency exchange Coinsecure has suffered a
hack leading to a loss of 438.318 bitcoins worth Rs 19 crore ($ 2.9 million),...
YouBit, a South Korea - based
cryptocurrency exchange, has filed for bankruptcy and will shut down later today after getting
hacked for the second time this year.
The Japanese government is slapping penalties on several
cryptocurrency exchanges in the country, after 58 billion yen ($ 530 million) of virtual coins were lost earlier this year from
hacking.
Market Overview Bitcoin and other
cryptocurrencies have ascended at a steady pace over the last 3 weeks and it appears that Bitcoin has developed an impressive immunity against the usual correction triggers of tax selling, regulatory fears,
exchange hacks and other FUD that have plagued crypto - markets since Q1 2018.
South Korea's spy agency beileves a recent run of
hacking attacks on domestic
cryptocurrency exchanges is linked to North Korea.
According to an article by
Hacked, China crytpocurrency traders are moving to South Korea and Japan where there is friendly regulation towards
exchanges and
cryptocurrencies.
The Financial Services Agency (FSA) have recently developed new strategies and requirements for
cryptocurrency exchanges to follow, in the wake of the devastating Coincheck
hack in January, evidence that the government are keen to facilitate
cryptocurrency activity within its borders but are equally keen to ensure that trading remains above board, legal and safe.
In January, the Japanese
cryptocurrency exchange Coincheck was
hacked in what has been described as the biggest digital currency theft in history, affecting 260,000 customers.
Buterin now wants to solve a major problem that has been bothering the world of
cryptocurrencies -
exchanges getting
hacked.
The Wall Street Journal report that the South Korean
cryptocurrency exchange YouBit is the latest victim of a malicious
hacking, and that their northern neighbours are to blame.
There is the risk that
cryptocurrencies get outlawed, that
exchanges get
hacked or that you remove your
cryptocurrency key.
According to the message, Coincheck, one of many largest Japanese
cryptocurrency exchanges was
hacked.
Prices of major
cryptocurrencies tumbled more than 9 percent Wednesday on a new round of regulatory crackdowns in the U.S. and Japan and rumors that popular
cryptocurrency exchange Binance has been
hacked.
«Investors who store their fiat currencies and
cryptocurrencies with unregulated
cryptocurrency exchanges should be aware of the risks of
hacking and misappropriation of assets.»
With
hacks of
exchanges and wallets common in the
cryptocurrency world, investors have gravitated to Exmo for its security.
Some people are skeptical about the security of
cryptocurrencies due to the fact that mainstream media will report on
hacks that happen to
cryptocurrency exchanges.
As such, these
hacks have given rise to calls for decentralized
exchanges and it is only a matter of time before these become the main platforms allowing people to trade
cryptocurrencies.
The last time a Japanese
cryptocurrency exchange was
hacked for a record haul, it was a devastating blow to the ecosystem.
The security of blockchain technology should not be confused with news about
hacks, such as those carried out on
cryptocurrency exchanges.
Around $ 6.2 million - worth of
cryptocurrency was
hacked from
exchange accounts and wallet services in 2017, Japan's National Police Agency says.
Coincheck, one of the largest
cryptocurrency exchanges in the country got
hacked.
Two Japanese
cryptocurrency exchanges are reportedly quitting their operations amid tighter oversight from authorities following the Coincheck
hack, which saw the theft of $ 530 million in January.